India is one of the top mounting major economies of the globe; the service sector has developed at a hasty pace in recent times. A significant aspect in the expansion of the service segment has been the substantial development of the IT and ITeS. Emergence of IT and ITeS in the NCR region, particularly in Gurgaon, has had optimistic effect not only in Gurgaon but adjacent to its neighboring areas and Dwarka.

Dwarka is growing as the center of business and entertainment activities and is among the most favored positions to settle in the NCR region. And with the introduction of Gurgaon-Manesar Master Plan 2021, the area will find additional development of the Gurgaon city.

Hence, a question that is automatically being raised is on the civil infrastructure to maintain the traffic inside and outside the city. There are ventures around the practicality of the NH 8 and Mehrauli-Gurgaon road in dealing the traffic burden; and whether the Metro line cuts down the number of vehicles leaving in and out of Gurgaon.

Currently, the NH 8 acts as the artery administering the traffic impending both in and out of the city. However choking of this major broadcasting system is not rare, so the requirement for an equivalent highway that connects Dwarka and Gurgaon and relinquishes NH 8 from its existing weight of commuters from Delhi.

The Dwarka Expressway or Northern Peripheral Expressway is being formulated by the Haryana Urban Development Authority (HUDA). This superhighway is a component of Gurgaon-Manesar Master Plan 2021 (Urban Complex Plan) and will link Dwarka to the NH 8. Equivalence to 9,881 hectares in the previous curriculum, the new master plan is widening over 33,726 hectares and comprises 58 new sectors in consent to the accessible 57 sectors. The Urban Complex Plan 2021 of Gurgaon-Manesar is an exceptional strategy to diminish population compactness in the recently developed areas, as equated to accessible residential districts.

A growing number of private builders form in an around Delhi NCR have gained permits from the Haryana state government to formulate townships next to the expressway and to hook up it to the planned Southern Peripheral Expressway. The SEZs (Special Economic Zone) by Reliance and Haryana government would also be its foremost adjoining points. The forthcoming sectors of Gurgaon, mainly housing Sectors like 102,103 and 111; placed in closeness to the suggested SEZ area as per the Gurgaon-Manesar Master Plan 2021 will be ‘hot property’ of Delhi NCR Region in the coming years.

The real estate segment in the NCR, mainly Gurgaon, has grown-up in significance with the relaxation of the Indian economy. The substantial raise in big business opportunities and relocation of people to Gurgaon has in turn, enhanced the requirement of commercial and housing space, mainly lease housing. Evolutions in the real estate sector manipulate, and are in turn exaggerated by the growths in the hospitality entertainment industries and retail, (like cinema theaters, Luxury hotels, Water Park, resorts etc), locality services (like schools and hospitals) and IT sector (like Call centers and  BPO). Increasing requirement from the Tech sector, demographic change (growing incomes and urbanization), inhabited developmental models and encouraging government policies have altered the confront of India’s real estate Business.

The increasing income of India’s middle and upper-income classes, mutually with exchanges in daily life, has ensued in a considerable exchange in the universe of customer requirement. More and more, users are looking for improved housing and enhanced services like schools, retail areas, health clubs and parks in new housing developments. Inferior interest rates on financing from India’s retail banks and home finance companies, mainly for housing real estate, and constructive tax action of loans, have facilitated the current development of the Indian real estate sector.

The benefits of these sectors are huge if we evaluate it with other spheres in Gurgaon, all the infrastructural consequences like dreadful connectivity, scarcity of power, deficiency of green areas and parks, low water levels, etc, are not in attendance in this area. In fact, the lessons discovered from Gurgaon have aroused up the government to go on with this progress in a much projected manner. The moving of Embassies to the new site, due to its outstanding connectivity and nearness to the Indira Gandhi International airport is also a grate sign of poshness in these areas.

Commercialization of Realty market across Dwarka Expressway has been considered as the most important investment terminus by the experts. Due to its enormous prospective for vibrant growth and enlargement in coming years, the broaden offers ideal combination of world-class amenities. Hence, investing in real estate in these sectors is very profitable and probably will give back handsome of profits in comparison to any other industries in Gurgaon.

Major Sanjay Khorana

Senior Vice President, Tashee Group one of the most preferred real estate brands spread across high-end commercial complexes, residential developments, retail spaces, office, Mega Township etc since its inception in 2004 headquarter in Delhi. Over the last 10 years, the group has a business interest in Real Estate, Entertainment Industry, Hospitality, Care Home and Nursing Home as an executer of some real estate projects and producer of several upcoming tele-serials respectively in India.